Falling Wedge Break -> Double Top
Updated
SPX broke out of a falling wedge on the weekly, and is headed for the same ATH.
It could reach a new ATH at its 1.5x measured target (not pictured above), but I would expect the double-top to play out should DXY move up above 105 and head towards 118-122.
Long until we hit the double-top, then short.
More related ideas and previous posts linked below.
It could reach a new ATH at its 1.5x measured target (not pictured above), but I would expect the double-top to play out should DXY move up above 105 and head towards 118-122.
Long until we hit the double-top, then short.
More related ideas and previous posts linked below.
Note
Further evidence of a same ATH target with a bullish break of a rising wedge here:
Related publications
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